Podcast
Questions and Answers
What is the weight assigned to the performance under RIDF?
What is the weight assigned to the performance under RIDF?
- 5%
- 10%
- 15% (correct)
- 20%
Which component contributes the least percentage to the evaluation criteria mentioned?
Which component contributes the least percentage to the evaluation criteria mentioned?
- Performance under RIDF
- Utilisation of Drawables (correct)
- Inverse of Per Capita PS Credit
- Average disbursements
What percentage is allocated to Average Disbursements in the assessment criteria?
What percentage is allocated to Average Disbursements in the assessment criteria?
- 15%
- 5%
- 20%
- 10% (correct)
How much does Inverse of Per Capita PS Credit contribute to the total evaluation?
How much does Inverse of Per Capita PS Credit contribute to the total evaluation?
Which of the following statements correctly combines two components of the evaluation?
Which of the following statements correctly combines two components of the evaluation?
What is the maximum duration for which a request for extension of time can be granted at the level of ROs for projects sanctioned under Tranche XXVI and onwards?
What is the maximum duration for which a request for extension of time can be granted at the level of ROs for projects sanctioned under Tranche XXVI and onwards?
What must ROs do when considering requests for an extension of time?
What must ROs do when considering requests for an extension of time?
What action may be taken if sanctioned projects are not grounded within 18 months from the date of the sanction letter?
What action may be taken if sanctioned projects are not grounded within 18 months from the date of the sanction letter?
When a request for an extension of time exceeds 3 months, what is the required procedure?
When a request for an extension of time exceeds 3 months, what is the required procedure?
What format must the details of deleted or withdrawn projects be forwarded to the Head Office?
What format must the details of deleted or withdrawn projects be forwarded to the Head Office?
What is the role of the Regional Office (RO) regarding project sanctions?
What is the role of the Regional Office (RO) regarding project sanctions?
What is the initial time period for consideration of an extension of time for sanctioned projects?
What is the initial time period for consideration of an extension of time for sanctioned projects?
Who must approve the deletion/withdrawal of projects that are not grounded within the stipulated time?
Who must approve the deletion/withdrawal of projects that are not grounded within the stipulated time?
What is the maximum cost escalation percentage permitted for projects with a phasing period of more than 02 years?
What is the maximum cost escalation percentage permitted for projects with a phasing period of more than 02 years?
Which of the following is NOT a reason for cost escalation that is beyond the control of State Governments?
Which of the following is NOT a reason for cost escalation that is beyond the control of State Governments?
What is the role of State Governments regarding cost escalation beyond the in-built provision?
What is the role of State Governments regarding cost escalation beyond the in-built provision?
What is the limit for considering land acquisition costs due to judicial intervention?
What is the limit for considering land acquisition costs due to judicial intervention?
Which circular addresses the eligibility of cost escalation under RIDF for projects with a phasing duration of over two years?
Which circular addresses the eligibility of cost escalation under RIDF for projects with a phasing duration of over two years?
What is the first step when unexpected cost escalations occur?
What is the first step when unexpected cost escalations occur?
What document outlines the conditions under which State Governments may seek cost escalation?
What document outlines the conditions under which State Governments may seek cost escalation?
Which of the following escalations is considered part of the in-built provision?
Which of the following escalations is considered part of the in-built provision?
What is the time frame for issuing a work order after receiving sanction?
What is the time frame for issuing a work order after receiving sanction?
How long does the grounding of a project have to occur after the sanction date?
How long does the grounding of a project have to occur after the sanction date?
What should the State/UT Governments secure prior to or within one month of the in-principle sanction?
What should the State/UT Governments secure prior to or within one month of the in-principle sanction?
What challenges are acknowledged regarding the Administrative Approval process?
What challenges are acknowledged regarding the Administrative Approval process?
What is the role of the ROs in relation to the State Governments and Administrative Approval?
What is the role of the ROs in relation to the State Governments and Administrative Approval?
What is the initial expectation regarding Administrative Approval and Technical Sanction before project sanction under RIDF?
What is the initial expectation regarding Administrative Approval and Technical Sanction before project sanction under RIDF?
When can the Administrative Approval be delayed?
When can the Administrative Approval be delayed?
What is the significance of the one month period mentioned in the context of the in-principle sanction?
What is the significance of the one month period mentioned in the context of the in-principle sanction?
What is the primary purpose of adopting the project approach?
What is the primary purpose of adopting the project approach?
What key factor must be considered when preparing cost estimates for RIDF projects?
What key factor must be considered when preparing cost estimates for RIDF projects?
Which type of items are eligible for funding under RIDF?
Which type of items are eligible for funding under RIDF?
Who receives the checklists for preparing RIDF projects?
Who receives the checklists for preparing RIDF projects?
When were the checklists for RIDF project preparation sent to State Governments?
When were the checklists for RIDF project preparation sent to State Governments?
What is a critical step in the preparation of cost estimates for projects?
What is a critical step in the preparation of cost estimates for projects?
Which type of projects are included in the scope of the RIDF checklists?
Which type of projects are included in the scope of the RIDF checklists?
What aspect should be avoided in cost estimation for RIDF projects?
What aspect should be avoided in cost estimation for RIDF projects?
What percentage of the evaluation criteria is assigned to the Utilisation of Drawables component?
What percentage of the evaluation criteria is assigned to the Utilisation of Drawables component?
Which two components combined contribute a total of 30% to the evaluation criteria?
Which two components combined contribute a total of 30% to the evaluation criteria?
If the total evaluation criteria equals 100%, which component has the largest individual contribution?
If the total evaluation criteria equals 100%, which component has the largest individual contribution?
Which of the following options reflects the combined contribution of Inverse of Per Capita PS Credit and Average Disbursements?
Which of the following options reflects the combined contribution of Inverse of Per Capita PS Credit and Average Disbursements?
What is the combined percentage allocation for the components related to Performance under RIDF?
What is the combined percentage allocation for the components related to Performance under RIDF?
What factor influences the interest rates payable to banks concerning deposits with NABARD?
What factor influences the interest rates payable to banks concerning deposits with NABARD?
Which statement accurately reflects the relationship between RIDF and Priority Sector Lending?
Which statement accurately reflects the relationship between RIDF and Priority Sector Lending?
What is most likely a consequence of not grounding sanctioned projects within 18 months?
What is most likely a consequence of not grounding sanctioned projects within 18 months?
Which criterion might NOT be a significant factor in the evaluation of RIDF project approvals?
Which criterion might NOT be a significant factor in the evaluation of RIDF project approvals?
What is the implication of linking deposit rates to the prevailing Bank Rate?
What is the implication of linking deposit rates to the prevailing Bank Rate?
Which committee is responsible for sanctioning project proposals involving UI loan amounts exceeding Rs. 300 crore?
Which committee is responsible for sanctioning project proposals involving UI loan amounts exceeding Rs. 300 crore?
Which members are included in the Sanctioning Committee of the Board?
Which members are included in the Sanctioning Committee of the Board?
What is the primary function of the Sanctioning Committee as referenced in the content?
What is the primary function of the Sanctioning Committee as referenced in the content?
Who makes up the representation of the Government of India (GoI) on the NABARD Board?
Who makes up the representation of the Government of India (GoI) on the NABARD Board?
In which context are the DMoS and annexures submitted by ROs vetted?
In which context are the DMoS and annexures submitted by ROs vetted?
Which of the following roles is NOT part of the Sanctioning Committee of the Board?
Which of the following roles is NOT part of the Sanctioning Committee of the Board?
What type of loan proposals does the Sanctioning Committee specifically consider?
What type of loan proposals does the Sanctioning Committee specifically consider?
Which clause outlines the appointment of Directors on the NABARD Board?
Which clause outlines the appointment of Directors on the NABARD Board?
Who represents the Government of India on the NABARD Board as per the NABARD Act?
Who represents the Government of India on the NABARD Board as per the NABARD Act?
How many representatives of State Governments are nominated under section 6(1) of the NABARD Act?
How many representatives of State Governments are nominated under section 6(1) of the NABARD Act?
What is the minimum quorum required for a meeting of the SCB as specified in the NABARD Act?
What is the minimum quorum required for a meeting of the SCB as specified in the NABARD Act?
Which position on the NABARD Board is currently vacant?
Which position on the NABARD Board is currently vacant?
Which sections of the NABARD Act outline the nomination process for members?
Which sections of the NABARD Act outline the nomination process for members?
What percentage of NA can be considered for projects located in declared disaster-affected districts due to calamities?
What percentage of NA can be considered for projects located in declared disaster-affected districts due to calamities?
Which sector cap has been removed, allowing bridge projects to fall within a larger connectivity sector cap?
Which sector cap has been removed, allowing bridge projects to fall within a larger connectivity sector cap?
What is the fixed cap for the Social Sector, excluding Rural Drinking Water Supply, as a percentage of the total allocation?
What is the fixed cap for the Social Sector, excluding Rural Drinking Water Supply, as a percentage of the total allocation?
Which authority is responsible for declaring calamities for project considerations?
Which authority is responsible for declaring calamities for project considerations?
What is the time frame within which calamities must have been declared to consider project funding?
What is the time frame within which calamities must have been declared to consider project funding?
On what basis is the additional relaxation to states determined?
On what basis is the additional relaxation to states determined?
What specific sub-sector cap related to Bridges has been mentioned in the relaxation?
What specific sub-sector cap related to Bridges has been mentioned in the relaxation?
Which projects fall under the overall connectivity sector cap stipulated for states/regions?
Which projects fall under the overall connectivity sector cap stipulated for states/regions?
Who has the authority to decide on specific cases for project evaluations?
Who has the authority to decide on specific cases for project evaluations?
What does the abbreviation 'UI' in the context of allocation likely stand for?
What does the abbreviation 'UI' in the context of allocation likely stand for?
Study Notes
Work Order and Project Timeline
- Work order issuance must occur within 9 months of sanction date.
- Project grounding should take place within 12 months from sanction date.
Administrative Approval
- Administrative Approval and Technical Sanction should ideally be secure before project sanction under RIDF.
- For practicality, State/UT Governments are encouraged to obtain Approval within one month of in-principle sanction.
- Extensions up to 2 months can be granted at the discretion of Regional Offices (ROs) based on specific merits of each case.
Project Deletion and Withdrawal
- If projects remain ungrounded (work order not issued) after 18 months from the sanction letter, they may be treated as deleted/withdrawn with CGM/OIC approval.
- Details of withdrawn projects should be submitted to the Head Office in a prescribed format.
Performance Metrics
- Inverse of Per Capita PS Credit is assessed with a performance benchmark of 15%.
- Average disbursements contribute 10% to performance evaluation.
- Utilization of Drawables accounts for 5% of the performance metric.
Project Approach Concept
- Emphasizes proper fund management, timely project completion, and realization of expected benefits.
Appraisal & Sanction Process
- Checklists for RIDF projects in agriculture, irrigation, roads, and social sectors have been provided to State Governments.
- Cost estimates should align with the most recent Schedule of Rates, reflecting current market conditions, and must follow detailed field surveys.
Cost Escalation Provisions
- Up to 5% cost escalation is permissible for projects phased over two years, and 10% for projects requiring more than two years.
- State Governments must cover any additional cost escalation out of their resources, except under certain conditions.
Considerations for Exceptional Cost Escalation
- Genuine reasons for cost escalation due to unforeseen changes or judicial interventions in land acquisition may be considered, limited to 60% of the land acquisition cost.
Project Proposals and Sanctioning Committee
- Eligible project proposals seeking UI loans exceeding ₹300 crore require approval from the Sanctioning Committee of the Board (SCB) at NABARD.
- SCB includes key members: Chairman (NABARD), Deputy Governor (RBI), Director representing RBI, and representatives from Government of India (Finance and Agriculture).
- Two representatives from State Governments are also part of the SCB, ensuring a diverse perspective in the decision-making process.
- The Managing Director of NABARD is currently vacant, alongside the involvement of Deputy Managing Directors in the committee's operations.
- A quorum for SCB meetings requires at least 3 members, with a minimum of 2 from the specific nominee categories mentioned in the NABARD Act.
Loan Disbursement and Allocation
- Average disbursements and utilization of drawables are critical metrics; disbursement rate holds a weight of 10%, while drawable utilization accounts for 5%.
- Relaxations up to 75% of the norm are available for projects in declared disaster-affected districts due to calamities such as earthquakes or cyclones within the last 3 years.
- The cap on social sectors, excluding Rural Drinking Water Supply, is set at 15% of total allocations for any tranche under NABARD.
Interest and Deposit Rates
- Rates payable on deposits by banks to NABARD and loans are tied to the prevailing Bank Rate during the time of placement or disbursement.
- The interest rates for financial support are influenced by overall achievements in priority sector lending.
Sector-Specific Guidelines
- The sub-sectoral cap for Bridges under Rural Connectivity has been lifted, allowing bridge projects to be included within the overall connectivity sector cap for various states and regions.
- Social Sector allocations are managed with a set percentage, ensuring essential services receive adequate funding within the broader financial framework established by NABARD.
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Description
This quiz covers the procedures for issuing work orders within a specified timeframe, specifically focusing on the 9-month regulation from the date of sanction. Test your knowledge on the requirements and best practices related to work order management.
